Income-generating apartment in Ciudadela and Mercedes, Ciudad Vieja

Features:

• Renovated apartment: plumbing, pipes, electrical system, paint, and finishes
• Restoration of the existing fine-wood frames and installation of new roller blinds
• Very good natural light and ventilation

Expenses and taxes:

• Sale price: USD 107.000
• Rented for $20.000
• Guarantee: Porto
• Contract valid until: marzo 2025
• Annual yield: 5.75 %
• Low common expenses ($2.300)
• No occupancy costs or connection fees
• Real estate commission: 3% + I.V.A.

Conditions:

• Bank financing accepted
• Pets allowed
• Suitable for office use

Renovation information:

Existing building in very good structural condition, with 19 units: two street-facing commercial premises on the ground floor, one premises in the basement, and 16 apartments with 1, 2, and 3 bedrooms distributed across the ground floor and two upper levels. The general installations were restored, finishes were upgraded, and high-quality residential units and commercial premises were created anew.

• Bathrooms have first-quality glazed ceramic wall and floor tiles
• Main bedrooms and living room have residential click-system vinyl flooring
• Chrome single-lever faucets and first-quality fixtures
• All electrical installations have been completely rewired
• New heat-fused supply pipes and drainage pipes
• Units are delivered freshly painted over a skim-coated base
• Restoration of the existing fine-wood frames and installation of new roller blinds
• New kitchen cabinets with stainless steel countertops
• Work on the entire building included the facade, air shafts, rooftops, and frames